when one company buys another one or part of another one
alliance
an agreement between two or more organisations to work together
bid
an offer to buy something at a stated price
conglomerate
a large business organisation consisting of different companies that have joined together
corporate culture
the attitudes or beliefs that are shared by a particular organisation
merger
the creation of a new company by joining two separate companies:
multinational
a multinational organisation has offices/ factories/ activities/ etc. in many different countries
share
a unit of the capital of the company. Shares in listed companies can be bought and sold on the stock exchange
strategic alliance
an alliance formed as part of a plan with important aims
synergy
additional advantages/ profits/ etc. that are produced by two people or organisations combining their ideas and resources
allocate
to decide officially that a particular amount of money/ time/ etc. should be used for a particular purpose
budget
the amount of money that an organisation has to spend on a particular activity in a given period of time
contractor
a person or company that makes an agreement to do work or provide goods for another company:
control
to limit something or prevent it from increasing too much as it should be
delay
the situation in which something does not happen or start when it should do
estimate
to calculate what you think the value/ size/ amount/ etc. of something will probably be
project
an important and carefully planned piece of work that will create something new or improve a situation
schedule
a plan of what someone is going to do and by when they are going to do it specifications a detailed description of how something should be designed or made
stakeholder
person or group of people who are considered to be an important part of an organisation because they have responsibility within it or receive advantages from it
subcontractor
a person or company who is paid to do part of the work of another person or company
accomplish
to succeed in doing something
assign
to give someone a particular job or task
collaborate
to work with someone on a project
commit
to agree to do something or say that someone else will do something
co-ordinate
to organise all the different parts of something to ensure an effective operation
dealine
a date or time by which you have to do or complete something
facilitator
someone who helps a team to work together effectively
feedback
advice or criticism about how someone is doing their job
goal
something that you hope to achieve in the future
task
piece of work that has to be done/ especially one that has to be done regularly
team
a group of people who work together to do a particular job
data
information or facts about a particular subject that someone has collected:
gather
to collect information/ ideas/ etc
hardware
computer machinery and equipment
information
facts or details that tell you about something or someone
intelligence
information that is collected about the activities of an organisation or individual
measurement
the result of an evaluation of the size or dimension of something
network
a set of computers which are connected to each other and operate as part of the same system/ able to exchange information and messages
procedure
the accepted method and order of doing something in a formal situation
process
to put information into a computer to be examined and to produce a particular result
software
sets of programs put into a computer to perform particular tasks
spreadsheet
a computer program that can show rows of figures and perform calculations with them. Spreadsheets are often used to work out sales/ taxes/ profits and other financial information
surveillance
the act of monitoring a person or group of people
chief technology officer
the manager with the most authority concerning technology
component
one part of something or one part used in making a piece of equipment
download
to move computer software or information from one computing device to another
invention
a new product that was not available before
nanotechnology
a science that combines computer technology and chemistry to build things from atoms
revolution
a complete change in ways of thinking/ methods of working/ etc
telecommunications
the process or business of sending and receiving information by telephone/ television/ the internet
upload
to move computer software or information from one computing device to another especially from a local computer to a central server or network
audience
the number or kind of people who receive a written or spoken message
billboard
a large sign/ usually outdoors/ used for advertising
campaign
a series of actions intended to achieve a particular result
commercial
an advertisement on television/ radio/ or at the cinema
display
an attractive arrangement of objects for people to look at or buy/ for example in a shop
exhibition
a public event where businesses and other organisations show their products or services
media
media are all the different ways of entertaining and giving information to the public and advertising goods/ for example/ television/ radio/ newspapers and the internet
product demonstration
an act of explaining and showing how a product works or how something is done
product placement
when the maker of a product arranges for it to appear or be used in a film or television programme/ as a form of advertising
promotion
an activity such as special advertisements or free gifts intended to sell a product orservice
public relation
the activity of telling the public about an organisation/ person/ product/ etc. so that people think of them in a good way
publicise
to give information about something to the public/ so that they know about it
sponsor
to give money to pay for a television programme/ a sports or arts event/training
telemarketing
the practice of telephoning people in order to sell things
attorney
a lawyer/ especially one who represents clients and speaks in court
damages
money that a court orders someone to pay someone else for harming them or their property/ or causing them financial loss
defendant
the person or organisation in a court of law accused of doing something illegal or of causing harm to another person
feedback
an amount of money paid to a professional person or organisation for their services
lawsui
a charge/ claim or complaint against a person or an organisation that is made in a court of law by a private person or company/ not by the police or state
legal action
the process of taking a case or a claim against a person or organisation to a court of law
legal department
the service in a company or organisation that looks after all matters relating to questions of law
litigate
to take a claim or complaint against a person or organisation to a court of law
settlement
an agreement to resolve a dispute before it is taken to court
sue
to make a legal claim against someone/ especially for an amount of money/ because you have been harmed in some way
corporate identity
the way in which a company uses similar designs and colours on all its products/ advertisements/ letters/ etc. so that people will become familiar with the company
creative director
someone who is in charge of the work relating to producing advertisements and image campaigns for a company
distribution
the actions involved in making goods available to customers after they have been produced/ for example/ moving/ storing and selling the goods
exclusivity
the fact that a product is so expensive that not many people can afford to buy it
launch
to show or make a new product available for sale for the first time
model
a particular type or design of a machine or device
positioning
the way people think about a product in relation to the companys other products and to competing products/ or the way that the company would like them to think about it
pricing
the prices of a companys products or services in relation to each other and in relation to those of competitors/ and the activity of setting them
target
a limited group of people or area that a plan/ idea/ etc. is aimed at
angel
a business angel is a private investor who puts money into new business activities
blue-chip shares
shares in a well-managed company with a record of paying profits to shareholders during good and bad economic conditions
business plan
a document produced by a company/ especially a new company/ giving details of expected sales and costs and how the business can be financed/ and showing why the plan will make money
dividend
a part of the profits of a company for a particular period of time paid to the shareholders for each share that they own
entrepreneur
someone who starts a company/ arranges business deals and takes risks in order to make a profit"
forecast
a description of what is likely to happen in the future/ based on information that is available now
fortune
a very large amount of money: [Vermogen] He made a fortune by investing on the stock exchange
lucrative
an activity/ project/ job/ etc. that is lucrative makes a lot of money
portfolio
collection of shares owned by a person or a company or all theproducts or services offered by a business
trader
someone who deals in shares/ bonds/ currencies/ commodities (= oil/ metal and farm products)/ etc. on a market/ either for themselves or for a financial institution
venture
a new business activity or project that involves risk
alternative energy
energy that is not derived from fossil fuels like petroleum and coal
crude oil
oil in a natural condition/ before it has been transformed in an industrial process in order to separate it into different products
end user
the person who actually uses a particular product/ rather than someone involved in its production or sale
fossil fuel
a fuel such as coal/ gas or oil that is produced by the gradual decay of animals or plants over millions of years
fuel
a substance such as coal/ gas or oil that can be burned to produce heat or energy
gasoline
a liquid obtained from petroleum/ used mainly for producing power for the engines of motor vehicles
ingredient
a component or element that is added to form a compound or mixture
nuclear power
the energy/ usually in the form of electricity/ that is produced by a nuclear reactor
power plant
a factory or building that generates electricity/ usually by the burning of fossil fuels
reserve
an amount of something valuable such as oil/ gas/ etc./ kept for future use
scare
if something is scarce/ there is not enough of it available
shortage
a situation in which there is not enough of something that people need or want
sustainable
an action or process that is sustainable can continue or last for a long time
analyst
a specialist in a particular market or industry who gives advice and provides forecasts for that sector
auction
a public or online meeting where things are sold to the person who offers the most money
brokerage
a company or organisation that buys or sells securities/ currencies/ property/insurance/ etc. for others
capital
money or property used to produce wealth or money from shareholders and lenders that can be invested in assets in order to produce profits
cartel
a group of companies who agree to set the price of something they produce at a fixed level in order to limit competition and increase their own profits
commisscion
an amount of money paid to someone according to the value of goods/ shares/bonds/ etc. they have sold or an official organisation that ensures that the law is obeyed in a particular activity
equity
the capital that a company has from shares rather than from loans or the shares of a company listed on the Stock Exchange
initial public offering
an occasion when a company offers shares on a stock market for the first time
issue
to make securities such as bonds and shares available for people to buy
monopoly
a situation where a business activity is controlled by only one company or by the government and other companies do not compete with it Securities Exchange
Commission
a situation where a business activity is controlled by only one company or by the government and other companies do not compete with it
Stock Exchange
the US agency responsible for stock market regulation a market where company shares are traded
Wall Street
The New York Stock Exchange/ situated in Wall Street in Manhattan
barrier to entry
any factor which prevents new competition from entering an industry/ for example the need for a lot of capital or strict government regulations
competitive advantage
an advantage that makes a company more able to succeed in competing with others
core business
the business that makes the most money for a company and that is considered to be its most important and central one
differentiate
when a company differentiates its products/ it shows how they are different from each other and from competing products
economies of scale
the advantages that a big factory/ shop/ etc. has over a smaller one because it can spread its fixed costs over a larger number of units and therefore produce or sell things more cheaply
market share
the proportion of the total market that is supplied by a particular company
mass consumption
buying and using products and services on a large scale
mass market
the market for standardised consumer products
production
The process of making or growing things to be sold as products/ usually in large quantities or an amount of something that is produced
profit margin
the difference between the price of a product or service and the cost of producing it/ or between the cost of producing all of a companys products or services and the total sum they are sold for
switch
to change from one thing to another/ usually suddenly
central bank
the official bank of a country/ which is responsible for setting interest rates/ controlling the money supply/ producing bank notes and keeping the countrys supply of foreign currency and gold/ etc
clearing bank
one of the high street banks that issues and accepts cheques and passes them through the banking system
collateral
assets promised by a borrower to a lender if the borrower cannot repay a loan
exchange rate
the price at which one currency can be bought with another
interest
an amount paid by a borrower to a lender/ for example by a bank to someone who saves money with them or the rate of interest at which a particular sum of money is borrowed or lent
investment bank
a bank that buys stocks and shares and then sells them to members of the public/ and offers financial advice to businesses
monetary policy
the way a central bank controls the amount of money in the economy at a particular time/ for example by changing interest rates
speculate
to buy goods/ shares/ property/ etc. in the hope that their value will increase so that they can be sold for a profit
absenteeism
the problem of employees not being at work when they should be
customise
to make/ build or adapt especially for a customer
delegate
someone who has been chosen by their company to attend a conference/ meeting or training course
incentive
something which is used to encourage people/ especially to make them work harder and produce more
motivation
willingness/ eagerness or desire to do something without being forced to do it
staff loyalty
if staff are loyal to their company/ they enjoy working for it/ they keep company secrets and tend to stay for a long time
stress
continuous feeling of worry about your work or personal life that prevents you from relaxing
training
the process of teaching someone or being taught the skills and knowledge for a particular job
audit
an official examination of a persons or organisations accounts by an expert/ to check that they are true and honest
fraud
a method of illegally getting money from a person or an organisation/ often using clever and complicated methods
network
a group of people or organisations that are connected or that work together. It is important to build up a network of professional contacts
outsource
to transfer work to an outside supplier
Sarbanes Oxley Act
US government legislation introduced to ensure honest accountancy and corporate governance practices in US companies
dot-com boom
rapid growth of internet based business
protagonists
most important people involved in a particular situation
falter
weaken
spot
identify
herd instinct
natural inclination to follow other rather than act alone
stint
period of work
plague
cause continual trouble
bump up
suddently increase something
corner-cutting
doing things badly or cheaply
spin-off business
new company that emerges from a larger enterprise
tendious
boring
hog the floor
dominate the discussion
scepticism
doupting the truth of what other people say
mould
form
verbose
using more words than necessary
quest
search
shoot in the dark
guess
spell the death of
annouce the end of something
start up
new/ recently formed company
untapped market
potential market which hasnt yet been exploited
saturated (market)
where there are more goods than people who want to buy them
go down the drain
be wasted
splurge
spend a lot of money
relentlessly
continuously/ without stopping
Bubble Wrap
protective plastic film used to protect goods
in restrospect
looking back to the past
blunder
mistake
teeter
be in danger of falling
trigger
mechanism that activates a process (to activate)
get out of hand
become unmanageable
staid
sober and unexciting
accolade
prize/ award
back-end
behind the scenes administrative activities
folly
follishment/ lack of good sense
myopia
short-sightedness
boom years
years of economic prospertiy
gasoline/gas
petrol
OPEC
Organisation of Petroleum Exporting Countries
factor in
include as a component of an equation
barrel
standard unit of measurment for selling oil
sporadic
occasional
drop dead
mind its own business
racket (US: shakedown)
a way of obtaining money by fraud or deception
kickbacks
sums of money paid to someone in exchange for a favour
hype
promote something with exaggerated claims
gun
attempt to defeat
brains will trump brawn
intelligence will win against power
status quo
the situation as it is
hip
fashionable/ trendy
unveil
reveal/ disclose
cede
give up/ disclose
dabble
get involved in as an amateur
peripherals
printers/ scanners and other additional computer devices
revered
respected and admired
collateral
assets that can be used as a guarantee for loan
philanthropic
benevolent/ interested in peoples well beeing
LIBOR
the rate of interest at which London banks offer loans to each other (London Interbank Offered Rate)
sanction
official agree to
sly
cunning
grass roots
fundamental or basic level
beseech
invite
props
theatrical costumes and scenery
toga
long robe/ item of clothing
aftermath
period of time after terrible event
heady stuff
very exciting moment
cascade
huge amount
blue chip
well-known and successful
Author
shanoviachan
ID
45978
Card Set
Intelligent Business Coursebook - Vocs
Description
english idioms, phrases and voc,based on the lists of Intelligent Business Coursebook